Midtown East


JP Morgan’s Demolition of 270 Park Avenue Making Visible Progress in Midtown East

Demolition is moving along on JP Morgan Chase‘s 52-story headquarters at 270 Park Avenue. Formerly referred to as the Union Carbide Building, the financial company is in the midst of razing the 707-foot-tall mid-century skyscraper in order to make way for a 1,425-foot-tall, 2.5-million-square-foot supertall, which will be one of the tallest structures in New York City.

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Façade Work Nears Completion at 12 East 48th Street in Midtown East

Exterior work is moving along at 12 East 48th Street, a 367-foot-tall Hilton Grand Vacation Hotel in Midtown East. The 125,000-square-foot tower is designed by Handel Architects and developed by Hidrock Realty and will contain 161 guest rooms. Desimone Consulting Engineers is the structural engineer, The Rinaldi Group is the general contractor, and IBA Consulting & Engineering, PLLC is the envelope consultant for the edifice.

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686 Lexington Avenue in Midtown East

Demolition Permits Filed for 686 Lexington Avenue in Midtown East

Full demolition permits have been filed for 686 Lexington Avenue and 126 East 57th Street in Midtown East. According to the filings, the two abuting sites are owned by MRR Development, a partnership between Rotem Rosen, Anand Mahindra, and Zahi Hagag. Under the MRR 1326 LLC, the firm also owns the vacant land on the northwest corner of East 56th Street and Lexington Avenue. 126 East 57th Street is a five-story mixed-use building built in 1920 on a 1,665-square-foot lot with six residential units and two commercial units on the ground floor and 686 Lexington Avenue is a five-story office building built in 1922 on a 3,000-square-foot lot.

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